UK IoT middleware market is projected to witness considerable growth during the forecast period. This high internet penetration rate has been acting as the major motivator of the cloud services market in the region, which in turn, drives the IoT middleware market. The developed economy established base of business customers, and lack of infrastructure hurdles present in other countries, make UK an important market for cloud vendors. 

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UK IoT industry has witnessed the adoption of cloud computing services by both central and local governments. Moreover, most of the key US providers such as IBM and Microsoft offer services in this competitive market and are well represented in key UK industry groups. However, Brexit is expected to cause turbulence and adversely affect the UK cloud computing industry, which, in turn, will have a negative impact on the IoT middleware industry. Major firms are likely to put planned data centers on hold due to new UK regulations and instead locate them to other EU nations such as Ireland.

UK IoT middleware market is classified on the basis of platform and vertical. Based on the platform, the market is segmented into device management, application management, and connectivity management. Based on vertical, the market is segregated into energy & utilities, manufacturing, automotive, retail, healthcare, and others. The manufacturing sector is one of the major end-users of IoT middleware. The IoT middleware for the manufacturing market is estimated to project a considerable CAGR during the forecast period. Major applications of IoT in manufacturing further include connected factory and inventory management, which are expected to offer growth opportunities to the IoT middleware market during the forecast period.

UK IoT middleware market is influenced by product development and advancements conducted by the market players. Some of the global key players operating in the UK IoT middleware market include Cisco Systems, Inc., Microsoft Corp., Oracle Corp., IBM Corp., SAP SE, Schneider Electric SE, and Robert Bosch GmbH. These players are playing a significant role in the growth of the IoT middleware market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

Research Methodology

The market study of the UK IoT middleware market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for IoT companies, software vendors, IT companies, industry associates & experts, system integrators, end-user industry, government organizations, regulatory bodies, industry associates & experts, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. UK IoT Middleware Market Research and Analysis by Platform
2. UK IoT Middleware Market Research and Analysis by Vertical

The Report Covers:

• Comprehensive research methodology of the UK IoT middleware market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK IoT middleware market.
• Insights about market determinants which are stimulating the UK market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.